Cryptocurrency News Cast For August 28th 2020 ?

in news •  4 years ago 

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Cryptocurrency News Cast 📮 28-08-2020

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Welcome to The Cryptocurrency News Cast: A Complete Cryptocurrency News letter For Today

24hours Cryptocurrency Market Cap:

📈MarketCap: $358 B
📊24h Mcap %: 3.10%
⚠️Bitcoin Dom: 59.10%
📌Active Coins: 3,854
📍24h Vol %: -2.98%
💲24h Vol: $89 B

Cryptocurrency News Updates :

  • BitGo To Become A Qualified Crypto Custodian In New York
  • Bitcoin Critic Peter Schiff Asks For Bitcoin
  • Winklevoss Twins: Bitcoin Will Skyrocket To $500K
  • Chainalysis: Bitcoin Usage Is Flourishing In Venezuela
  • SBI Holdings Allow Trading XRP, Bitcoin And Ethereum CFDs
  • Brave Users Can Trade Crypto By Using Gemini Trading Widget
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BitGo To Become A Qualified Crypto Custodian In New York

Digital asset financial services firm BitGo is applying to become a qualified crypto custodian in New York state. As federally chartered banks in U.S. are now allowed to custody crypto. BitGo has formally applied for a New York Trust Charter from the New York State Department of Financial Services (NYDFS), which would allow it to operate as a qualified custodian under New York State Banking Law. Read Full on cointelegraph.

Bitcoin Critic Peter Schiff Asks For Bitcoin

In an unexpected turnaround, Euro Pacific Capital CEO Peter Schiff, one of the harshest Bitcoin critics, has posted a Bitcoin address on Twitter and is asking for some sats. The address posted in his tweet, however, belongs to Spencer Schiff, the gold bug’s 18-year-old son who doesn’t share his father’s blind skepticism towards bitcoin and has already bought some Bitcoin. Peter asked people to stop teasing him on this and rather send bitcoin to his son who has turned 18 yesterday. He further added that his son won't lose bitcoin as he did in early 2020. Read Full on twitter.

Winklevoss Twins: Bitcoin Will Skyrocket To $500K

Cameron and Tyler Winklevoss have jumped into the bitcoin price prediction fray. Winklevoss Capital, which provides capital to entrepreneurs, has published a thought piece, making the bullish case for bitcoin to $500K. Cameron and Tyler did a deep dive into the history of store-of-value assets with a focus on gold, oil, and the U.S. dollar ultimately drawing the conclusion that bitcoin is the true long-term protection against inflation due to fixed supply of 21 million. If inflation occurs in the long term, Winklevoss noted that gold or Bitcoin could outrun capital stored in banks. Read Full on BeInCrypto.

Chainalysis: Bitcoin Usage Is Flourishing In Venezuela

The Venezuelan government’s push to create a cryptocurrency-centric economy appears to be working, but perhaps not in the way officials had hoped. Venezuela ranks third in the world for crypto adoption, according to Chainalysis metrics, behind Ukraine and Russia. The new data tells of a society so sick of hyperinflation that citizens are willing to turn to bitcoin as a safe haven. They’re getting their bitcoin from peer-to-peer (P2P) exchanges. LocalBitcoins reported $242 million in bolivar-to-bitcoin trading volume over the past 365 days. Read Full on CoinDesk.

SBI Holdings Allow Trading XRP, Bitcoin And Ethereum CFDs

Japanese financial giant SBI Holdings to start offering contract for difference (CFD) trading for Bitcoin, Ethereum, and XRP through its forex trading subsidiary called SBI FX Trade. The new service will be available on Aug. 31, but SBI FX Trade is already accepting new account registrations. BTC, ETH, and XRP will be quoted against the U.S. Dollar and the Japanese yen. Its customers will be allowed to open a trading position of up to 10M XRP, 10K ETH, or 500 BTC. The subsidiary introduced a separate smartphone application for trading crypto CFDs. Read Full on U.Today.

Brave Users Can Trade Crypto By Using Gemini Trading Widget

Privacy-centric web browser, Brave announced a partnership with crypto exchange, Gemini. Brave desktop browser users can activate the official Gemini Trading Widget, which is accessible by opening a new tab. The Gemini card on the screen lets account holders trade any crypto assets listed by Gemini, as well as view their account balances and deposit addresses. The verified Brave content creators can custody their assets in a Gemini Creator Wallet. Basic Attention Token (BAT) payments received from Brave users can be sent to that wallet. Read Full on Brave Browser.

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